Goldman Sachs to invest $500 million in data center development platform

The data center industry continues to grow. Amazon, Google, Equinix, Digital Reality Trust, and numerous other providers can’t build their data centers fast enough, spurring investments in startups and a hefty amount of M&A activity. The sector was hot before the COVID-19 pandemic, and the crisis has only increased interest as companies accelerate their migrations to the cloud.

Goldman Sachs is the latest to make a big play in the data center market. The firm’s Merchant Banking Division is partnering with a management team led by Digital Reality co-founder and former chief investment officer Scott Peterson to form a new company, Global Compute Infrastructure LP.

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